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    1423 Clela Ave

    Los Angeles, CA 90022
    • $2,000,000
    • STATUS: Active
    • ON SITE: 67 days
    • ID#: 21-734778
    UPDATED: 31 min ago
    $2,000,000
    • 10
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,613
      SQFT
    • $356
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:
    Area:

    School Ratings & Info

    Description

    Price Reduced! 5% cap rate going in, with upside to 6.5%. Well located 10 unit building in Unincorporated Los Angeles. Great unit mix with solid upside. Just over 12.25 X Gross going in, with a proforma of just over 10 X Gross. Building is master metered for electricity, and has potential for garage to ADU conversion. Property is conveniently located near the 5 and 710 freeways and has a Walk Score of 80.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-27T13:43:02.057. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/117439441
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    1423 Clela Ave Los Angeles, CA 90022

    • Price: $2,000,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: 21-734778
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,613
    SQFT
    $356
    $/SQFT
    1929
    Built
    Neighborhood:
    East La
    County:
    Los Angeles
    Area:
    East La
    Property Description
    Price Reduced! 5% cap rate going in, with upside to 6.5%. Well located 10 unit building in Unincorporated Los Angeles. Great unit mix with solid upside. Just over 12.25 X Gross going in, with a proforma of just over 10 X Gross. Building is master metered for electricity, and has potential for garage to ADU conversion. Property is conveniently located near the 5 and 710 freeways and has a Walk Score of 80.
    Exterior Features

    Lot Size Area 7060 Other Structures None Parking Garage Garage Total Parking 6

    Interior Features

    Baths Total 10.00 Cooling None Equipment None Heating Wall

    Property Features

    Assessed Total Value 1008801 Gross Income 163218 Gross Operating Income 158321 Like Units1 3 Like Units2 5 Like Units3 1 Like Units4 1 Net Operating Income 99203.00 Number Of Buildings 2 Number Of Units 10 Sale Type Standard Source Living Area Title Company Source Lot Size Area Vendor Enhanced Total Annual Expense 59118 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lcr4yy

    Listing provided courtesy of Hooman Emanuel DRE#01200237 of Keller Williams Studio City.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-27T13:43:02.057. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583